v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Net sales [1] $ 3,967,053 $ 4,624,476 $ 4,207,209
Cost of sales 2,715,279 3,145,631 2,900,987
Gross profit 1,251,774 1,478,845 1,306,222
Selling, general and administrative expense 905,952 1,011,171 864,328
Restructuring and other related charges [2] 61,177 58,121 35,502
Operating income 284,645 409,553 406,392
Interest expense [2] 47,743 51,305 103,597
Income before income taxes [2] 236,902 358,248 302,795
Provision for (benefit from) income taxes 49,724 (62,025) 93,652
Net income 187,178 420,273 209,143
Less: income attributable to noncontrolling interest, net of taxes 19,439 28,175 30,515
Net income attributable to Colfax Corporation 167,739 392,098 178,628
Dividends on preferred stock 0 2,348 20,396
Preferred stock conversion inducement payment 0 19,565 0
Net income available to Colfax Corporation common shareholders $ 167,739 $ 370,185 $ 158,232
Net income per share- basic $ 1.35 $ 3.06 $ 1.56
Net income per share- diluted $ 1.34 $ 3.02 $ 1.54
[1] The Company attributes revenues from external customers to individual countries based upon the country in which the sale was originated.
[2] The following is a reconciliation of Income before income taxes to segment operating income: